Police in Monaco and France are searching for a suspect who detonated a makeshift bomb in Monaco on Monday evening, injuring several people, including two with life-threatening wounds. The explosion occurred just before 9 p.m. in the center of the principality, a longtime tax haven known for its wealthy residents. Authorities described the device as a parcel bomb left near a residential building entrance.

French and Ukrainian media report that the target was Vadym Yermolaiev, a Ukrainian-born oligarch and former major real estate developer in Dnipro. Yermolaiev has renounced his Ukrainian citizenship, acquired Cypriot citizenship, and was placed under Ukrainian sanctions in December 2023. The blast marks an unprecedented act of violence in Monaco, according to local officials.

French emergency services supported the response, and joint police operations are ongoing to apprehend the fugitive. Prince Albert of Monaco condemned the attack as "an odious act," highlighting the shock in a community unaccustomed to such incidents.